Brent crude oil has been in a long term channel since middle 2022... now for traction and direction of its trend is up... for moment. Better safe then sorry!
Unfortunately I have no clue if the coincidences will keep on popping on this one as I was doing a little bit of a Stand Up while drawing this. Actually I was standing down, but that's for that's for another story.
Don't go down the rabbit hole. It's not what you expect.
No trading advice on this one. This is more crazy than it should be.
Original idea...
Brent oil is moving towards a three-month high at 85 at a cheerful Cavelrian pace, and most likely will reach it in the near future. Now it is much easier for me to imagine a rebound from this level than its breakdown. Therefore, for the time being, I am oriented to sell from 85, of course, if there is a signal to sell.
REAL ACCOUNT - 25118205 and 25118160
Timeframe: H1
Lot: 0.03
why We do that ?
1. 1D and 4H trends go via bullish line
2. we can see easily THE TRIANGLE PATTERN
3. Moving average is bullish , Trend is bullish , Also triangle module
Tactics :
Entry price: 83.98
Take profit:85.5 ( 45.60 $ ) 152 pips
Stop loss:83.36 ( 18.60$ ) 62 pips
Warning :
SWAP -...
REAL ACCOUNT - 25118205 and 25118160
Timeframe: H1
Lot : 0.1 and 0.03 lot
why do we can do it ?
1. Traingle pattern in bullish trend
2. Moving average show us this trend is bullish
3. Trend is bullish
Tactics :
Entry price: 83.98 - 0.03 lot
Take profit:85.50 ( 45.6 $ ) - 0.03 lot
Stop loss:83.36( 18.60 $ ) - 0.03 lot ...
Hello everyone
As the chart said we will have higher price for Brent Oil.
DXY must be checked or be in watchlist and either XAU is a chance for buy position.
Yesterday's deal to sell Brent oil unfortunately turned out to be unprofitable. Closed manually. I think quotes can go up to 85 and in some circumstances it can be even higher.
Since the beginning of the month, the price of Brent crude oil has risen by about 10% — this July could be the best month since June 2022. Yesterday, the price of Brent exceeded USD 82, for the first time since April.
Among the drivers of oil price growth may be:
→ production cuts by Saudi Arabia;
→ restriction of export from the Russian Federation;
→...
No trading advice here, I am just presenting a bold and daring unconventional method.
Looking for Heiken Ashi reversals at the shapes, or continuation in case of indecision, consolidation, rebounds etc. Follow the Heiken Ashi Candles for entry points. After a green wave, a red candle might appear at a shape, or the other way around. Position should be managed...
In my opinion, the growth of Brent quotes was not supported by large players, as a result of which the quotes began to roll down a slope. Sold at around 80.50. A little later we will see what came of it.
Brent Oil Analysis 24/7/2023 to 28/7/2023
The entry, exit and stop loss points are on the chart, please make sure of them and do not risk too much, this is our analysis and opinion, God bless me
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
UKOIL broke above the psychological level at 80.000. The market is making higher high and higher close.
The market is trading in the ascending channel, indicating the bulls are in control.
We anticipate the continuation of this current trend.
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I think it will be difficult for oil quotes to stay above $80. At the same time, it will be necessary to pay attention to the mood of the participants - whether they will dare to sell below 80 today - at the end of the week.
